Ladder Capital (NYSE:LADR) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• Ladder Capital's stock was given a "Buy (B-)" rating by Weiss Ratings, with a current consensus rating of "Buy" and a price target of $12.00.
• Recent changes in analyst ratings include a downgrade from Zacks Research from "strong-buy" to "hold", while Wall Street Zen downgraded to "sell".
• Director Mark David Alexander sold 34,587 shares of Ladder Capital at an average price of $11.12, representing a 28.68% decrease in his position.

Ladder Capital (NYSE:LADR - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also issued reports on LADR. Zacks Research lowered shares of Ladder Capital from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. Wall Street Zen downgraded shares of Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $12.00.

Ladder Capital Price Performance

Ladder Capital stock opened at $10.59 on Wednesday. The firm has a 50-day moving average price of $11.26 and a 200-day moving average price of $10.89. The firm has a market capitalization of $1.35 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 9.61 and a beta of 1.09. The company has a current ratio of 31.28, a quick ratio of 31.28 and a debt-to-equity ratio of 1.86. Ladder Capital has a 12-month low of $9.68 and a 12-month high of $12.10.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same quarter last year, the business earned $0.31 EPS. As a group, equities research analysts forecast that Ladder Capital will post 1.03 EPS for the current year.

Insider Buying and Selling

In other Ladder Capital news, Director Mark David Alexander sold 34,587 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $11.12, for a total transaction of $384,607.44. Following the transaction, the director owned 86,024 shares of the company's stock, valued at approximately $956,586.88. This trade represents a 28.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 91,382 shares of company stock worth $1,003,501. Company insiders own 12.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Nebula Research & Development LLC increased its position in Ladder Capital by 3.1% during the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust's stock valued at $364,000 after purchasing an additional 1,008 shares during the period. The Manufacturers Life Insurance Company increased its position in Ladder Capital by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust's stock valued at $654,000 after purchasing an additional 1,416 shares during the period. Mackenzie Financial Corp increased its position in Ladder Capital by 7.6% during the 1st quarter. Mackenzie Financial Corp now owns 20,785 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 1,473 shares during the period. Nisa Investment Advisors LLC increased its position in Ladder Capital by 2.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 61,118 shares of the real estate investment trust's stock valued at $712,000 after purchasing an additional 1,741 shares during the period. Finally, Aviso Wealth Management grew its position in shares of Ladder Capital by 1.4% in the 1st quarter. Aviso Wealth Management now owns 128,485 shares of the real estate investment trust's stock worth $1,466,000 after buying an additional 1,812 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.

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